Pepperfry clocked a 4x rise in revenue growth at Rs 98 crore year on year in FY16, even as total expenses more than doubled to Rs 253 crore as per documents filed with the registrar of companies and sourced from Tofler.

According to sources, the final offer for sale is likely to be finalised over the coming weeks, signalling that the transaction, which will mark the biggest acquisition in Indian ecommerce and reshape the country's online retail landscape, is entering its home stretch.

ShopClues, owned and operated by Clues Network Pvt Ltd, the Indian unit of US-based Clues Network Inc, is also looking to raise a fresh round of funding, estimated at between $75 million and $100 million, a transaction that's expected to be a mix of primary and secondary components.

Delhivery, Flipkart’s eKart, and Blue Dart together cater to 65% of e-commerce outsourced to last-mile logistics, while Amazon Logistics, commands about 12-14% share of the market, as per industry sources

The source who said the deal was for 33 percent of the Promasidor added that this comprised a 25 percent stake owned by Tana and the rest from some members of the founding Rose family who want to cash out of the business.

Ascend, which allows users to deposit their cash into a digital wallet, and Ant Financial are counting on the huge number of people without bank accounts in Southeast Asia to turn to their payments, lending and other services.